{"id":113,"date":"2018-03-28T11:47:38","date_gmt":"2018-03-28T11:47:38","guid":{"rendered":"http:\/\/forefrontnews.cn\/finance2news\/?p=113"},"modified":"2018-03-28T11:47:38","modified_gmt":"2018-03-28T11:47:38","slug":"if-you-received-a-401k-plan-refund-check-heres-what-to-do","status":"publish","type":"post","link":"http:\/\/forefrontnews.cn\/?p=113","title":{"rendered":"If you received a 401(k) plan refund check, here\u2019s what to do"},"content":{"rendered":"\n<div>\n<div itemprop=\"articleBody\">\n<p>If you contributed to a 401(k) plan at work and received a refund for a portion of your contributions, then chances are your plan failed Internal Revenue Service compliance testing.<\/p>\n<p> <meta itemprop=\"cssSelector\" content=\"#article_body > div > div.group > p:first-child&#8221;> <\/p>\n<p>IRS guidelines require 401(k) plans to meet certain criteria known as &#8220;annual contribution percentage&#8221; and &#8220;annual deferral percentage&#8221; to determine the amount participants are able to contribute.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<div itemscope itemtype=\"https:\/\/schema.org\/ImageObject\"> <img decoding=\"async\" src=\"http:\/\/demo6.aiwalls.comhttp:\/\/forefrontnews.cn\/finance2news\/wp-content\/uploads\/2018\/03\/20180329_5abcf1803150c.jpg\" data-enlarged-image=\"https:\/\/fm.cnbc.com\/applications\/cnbc.com\/resources\/img\/editorial\/2017\/05\/02\/104441998-GettyImages-135384977.1910x1000.jpg?v=1493734194\" width='530' height='298' alt=\"If you received a 401(k) plan refund check, here\u2019s what to do\"\/> <meta itemprop=\"image\" content=\"https:\/\/fm.cnbc.com\/applications\/cnbc.com\/resources\/img\/editorial\/2017\/05\/02\/104441998-GettyImages-135384977.jpg?v=1493734194\" \/><meta itemprop=\"width\" content=\"width='530'\" \/><meta itemprop=\"height\" content=\"height='298'\" \/><meta itemprop=\"datePublished\" content=\"2017-05-02T10:09:54-0400\" \/><meta itemprop=\"dateCreated\" content=\"2017-05-02T10:09:23-0400\" \/><meta itemprop=\"dateModified\" content=\"2017-05-02T10:09:55-0400\" \/><meta itemprop=\"uploadDate\" content=\"2017-05-02T10:09:23-0400\" \/><meta itemprop=\"expires\" content=\"2099-12-31\" \/> <meta itemprop=\"encodingFormat\" content=\"jpg\" \/><meta itemprop=\"author\" content=\"Sam Edwards | Getty Images\" \/><meta itemprop=\"publisher\" content=\"CNBC\" \/> <\/p>\n<div>Sam Edwards | Getty Images<\/div>\n<\/p><\/div>\n<div itemprop=\"articleBody\">\n<p>The reason a person receives a 401(k) refund check is most likely that the employer&#8217;s plan has failed one or both of these tests, which prevents the employee from contributing above a certain amount. And that occurs when eligible participants in the company&#8217;s 401(k) plan are not contributing enough of their income, and employers are not contributing a significant enough amount on the employees&#8217; behalf, either.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you contributed to a 401(k) plan at work and received a refund for a portion of your contributions, then chances are your plan failed Internal Revenue Service compliance testing.<\/p>\n","protected":false},"author":1,"featured_media":114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[257],"tags":[],"views":74,"_links":{"self":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/posts\/113"}],"collection":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113"}],"version-history":[{"count":0,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/posts\/113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/media\/114"}],"wp:attachment":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}